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Old 04-12-2016, 09:13 AM   #61
Thinks s/he gets paid by the post
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Originally Posted by ponyboy View Post
I always find it odd when people try to make the argument that athletes/actors/musicians are paid too much.
Only a handful of them makes millions while most are struggling to make end meet.
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Old 04-12-2016, 09:15 AM   #62
Thinks s/he gets paid by the post
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Originally Posted by Gone4Good View Post
As bad as the whole stadium racket is, I doubt they're collectively the largest recipients of public largess.
100% agree. Warren Buffet even gets a smaller tax owed percentage than his secretary...

If I wasn't worried about prison, I would likely pay less taxes myself.
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Old 04-12-2016, 09:17 AM   #63
Thinks s/he gets paid by the post
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Originally Posted by Spanky View Post
Only a handful of them makes millions while most are struggling to make end meet.
Agree, but there are still a lot. There are only 500 Fortune 500 CEOs. There are a lot more athletes and movie stars making 10M+ than 500.
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Old 04-12-2016, 09:18 AM   #64
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Originally Posted by ziggy29 View Post
Bob Dylan is one of the greatest songwriters of all time.... but that voice... I just can't get into that.
Well, his voice certainly would not be considered 'pretty' by most, and is often quite grating, but in some songs I think it quite appealing. Here's an example of a great song, where the voice is done in a simple 'folksy' style - appropriate to the 'story-telling' nature of the song. And getting back to guitar playing, the picking is fairly intricate - far more interesting and accomplished than anything I've seen from Swift.

https://en.wikipedia.org/wiki/Don%27...%27s_All_Right

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It has been argued that the guitar on the original version of the song, which features a fast, fingerstyle style, was played by Bruce Langhorne.[3] However, Eyolf ěstrem, the creator of the website dylanchords, has contended that Dylan himself played the guitar track. ... Furthermore, a recording of an April 1963 concert in New York (Bob Dylan - Town Hall, NEW YORK CITY, New York 1963 [Bootleg]) contains a live version of "Don't Think Twice", finger-picked in a manner similar to that heard on the original recording.


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Old 04-12-2016, 09:26 AM   #65
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100% agree. Warren Buffet even gets a smaller tax owed percentage than his secretary....

I get annoyed with this comment, it appears all over the web. Warren Buffett's average tax rate is low because he invests in muni bonds. He is getting a lower return on his bonds (at least in theory) in exchange for a tax exemption. This is a transfer from the U.S. Treasury to the states and municipalities. Using the taxes paid as the numerator and the gross investment income as the denominator is misleading. To get his tax rate to a normal rate, force him to avoid muni bonds or tax munis. . . wait, that would hurt the cities and states. The problem is the desire to assist the states and blame the "rich".

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Old 04-12-2016, 09:34 AM   #66
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Originally Posted by Taxman59 View Post
Warren Buffett's average tax rate is low because he invests in muni bonds.
That, and his capital gain & dividend income is taxed at roughly half the rate he'd pay on ordinary income (and half the rate Taylor Swift pays on hers.)

Also, I think his secretary is paid quite well.
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Old 04-12-2016, 12:43 PM   #67
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Thanks everyone for a lively discussion.

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